Borrowing in anticipation of current revenue.

In accordance with 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing), cities may: (1) borrow money in anticipation of current revenues to an amount of not more than the anticipated current revenues, which shall be pledged for the payment of the loan or loans; and (2) issue notes or other forms of obligation in evidence of the debt.